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Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Allowance for Credit Losses [Abstract] |
Gross Loan and Allowance for Credit Losses |
| Quarter Ended June 30, 2020
| Commercial |  | Mortgage |  | Consumer |  | Auto |  | Total
| (In thousands)
Non-PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 49,196 |  | $ | 19,694 |  | $ | 27,763 |  | $ | 53,308 |  | $ | 149,961
Provision for credit losses |  | (6,319) |  |  | 455 |  |  | 7,935 |  |  | 13,156 |  |  | 15,227
Charge-offs |  | (497) |  |  | (185) |  |  | (4,187) |  |  | (13,300) |  |  | (18,169)
Recoveries |  | 631 |  |  | 9 |  |  | 443 |  |  | 3,405 |  |  | 4,488
Balance at end of period | $ | 43,011 |  | $ | 19,973 |  | $ | 31,954 |  | $ | 56,569 |  | $ | 151,507
PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 48,836 |  | $ | 30,603 |  | $ | 177 |  | $ | 1,178 |  | $ | 80,794
Provision for credit losses |  | 177 |  |  | 1,915 |  |  | (8) |  |  | 385 |  |  | 2,469
Charge-offs |  | (386) |  |  | (2,178) |  |  | (30) |  |  | (600) |  |  | (3,194)
Recoveries |  | 286 |  |  | 580 |  |  | 30 |  |  | 229 |  |  | 1,125
Balance at end of period | $ | 48,913 |  | $ | 30,920 |  | $ | 169 |  | $ | 1,192 |  | $ | 81,194
Total allowance for credit losses at end of period | $ | 91,924 |  | $ | 50,893 |  | $ | 32,123 |  | $ | 57,761 |  | $ | 232,701
| Six-Month Period Ended June 30, 2020
| Commercial |  | Mortgage |  | Consumer |  | Auto |  | Total
| (In thousands)
Non-PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 25,993 |  | $ | 8,727 |  | $ | 18,446 |  | $ | 31,878 |  | $ | 85,044
Impact of ASC 326 adoption |  | 3,562 |  |  | 10,980 |  |  | 8,418 |  |  | 16,238 |  |  | 39,198
Provision for credit losses |  | 15,571 |  |  | 611 |  |  | 14,205 |  |  | 27,190 |  |  | 57,577
Charge-offs |  | (4,268) |  |  | (603) |  |  | (10,202) |  |  | (26,353) |  |  | (41,426)
Recoveries |  | 2,153 |  |  | 258 |  |  | 1,087 |  |  | 7,616 |  |  | 11,114
Balance at end of period | $ | 43,011 |  | $ | 19,973 |  | $ | 31,954 |  | $ | 56,569 |  | $ | 151,507
PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 8,893 |  | $ | 21,655 |  | $ | - |  | $ | 947 |  | $ | 31,495
Impact of ASC 326 adoption |  | 42,143 |  |  | 7,830 |  |  | 181 |  |  | 368 |  |  | 50,522
Provision for credit losses |  | (41) |  |  | 8,054 |  |  | 356 |  |  | 280 |  |  | 8,649
Charge-offs |  | (2,743) |  |  | (7,321) |  |  | (461) |  |  | (975) |  |  | (11,500)
Recoveries |  | 661 |  |  | 702 |  |  | 93 |  |  | 572 |  |  | 2,028
Balance at end of period | $ | 48,913 |  | $ | 30,920 |  | $ | 169 |  | $ | 1,192 |  | $ | 81,194
Total allowance for credit losses at end of period | $ | 91,924 |  | $ | 50,893 |  | $ | 32,123 |  | $ | 57,761 |  | $ | 232,701
| Quarter Ended June 30, 2019
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 16,689 |  | $ | 32,186 |  | $ | 17,954 |  | $ | 29,174 |  | $ | 96,003
Provision (recapture) for credit losses |  | (1,040) |  |  | (874) |  |  | 4,361 |  |  | 6,169 |  |  | 8,616
Charge-offs |  | (604) |  |  | (2,226) |  |  | (5,272) |  |  | (10,728) |  |  | (18,830)
Recoveries |  | 316 |  |  | 179 |  |  | 405 |  |  | 4,948 |  |  | 5,848
Balance at end of period | $ | 15,361 |  | $ | 29,265 |  | $ | 17,448 |  | $ | 29,563 |  | $ | 91,637
Allowance for loan and lease losses for acquired loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 33,011 |  | $ | 29,975 |  | $ | - |  | $ | 3,499 |  | $ | 66,485
Provision (recapture) for credit losses |  | 9,892 |  |  | (803) |  |  | - |  |  | - |  |  | 9,089
Allowance de-recognition |  | (482) |  |  | (3,724) |  |  | - |  |  | (363) |  |  | (4,569)
Balance at end of period | $ | 42,421 |  | $ | 25,448 |  | $ | - |  | $ | 3,136 |  | $ | 71,005
Total allowance for loan and lease losses at end of period | $ | 57,782 |  | $ | 54,713 |  | $ | 17,448 |  | $ | 32,699 |  | $ | 162,642
| Six-Month Period Ended June 30, 2019
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,783 |  | $ | 30,348 |  | $ | 17,476 |  | $ | 29,643 |  | $ | 97,250
Provision (recapture) for credit losses |  | (3,834) |  |  | 1,901 |  |  | 9,095 |  |  | 13,086 |  |  | 20,248
Charge-offs |  | (1,191) |  |  | (3,312) |  |  | (9,831) |  |  | (22,185) |  |  | (36,519)
Recoveries |  | 603 |  |  | 328 |  |  | 708 |  |  | 9,019 |  |  | 10,658
Balance at end of period | $ | 15,361 |  | $ | 29,265 |  | $ | 17,448 |  | $ | 29,563 |  | $ | 91,637
Allowance for loan and lease losses for acquired loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 30,607 |  | $ | 30,226 |  | $ | 4 |  | $ | 6,144 |  | $ | 66,981
Provision (recapture) for credit losses |  | 12,423 |  |  | (403) |  |  | - |  |  | (2,314) |  |  | 9,706
Allowance de-recognition |  | (609) |  |  | (4,375) |  |  | (4) |  |  | (694) |  |  | (5,682)
Balance at end of period | $ | 42,421 |  | $ | 25,448 |  | $ | - |  | $ | 3,136 |  | $ | 71,005
Total allowance for loan and lease losses at end of period | $ | 57,782 |  | $ | 54,713 |  | $ | 17,448 |  | $ | 32,699 |  | $ | 162,642
| December 31, 2019
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Total
| (In thousands)
Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 6,874 |  | $ | 8,217 |  | $ | - |  | $ | - |  | $ | 15,091
Collectively evaluated for impairment |  | 1,853 |  |  | 17,776 |  |  | 18,446 |  |  | 31,878 |  |  | 69,953
Total ending allowance balance | $ | 8,727 |  | $ | 25,993 |  | $ | 18,446 |  | $ | 31,878 |  | $ | 85,044
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 71,196 |  | $ | 61,128 |  | $ | - |  | $ | - |  | $ | 132,324
Collectively evaluated for impairment |  | 506,220 |  |  | 1,608,507 |  |  | 382,432 |  |  | 1,277,867 |  |  | 3,775,026
Total ending loan balance | $ | 577,416 |  | $ | 1,669,635 |  | $ | 382,432 |  | $ | 1,277,867 |  | $ | 3,907,350

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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